Howard County · Kokomo
Sell Your Commercial Property In Kokomo, IN
We are an active buyer of Kokomo commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Russiaville · Greentown · Indian Heights · Center Township — Howard County, IN
The Kokomo Market
What Drives Rentals In Kokomo
Kokomo, Indiana is a Howard County city of 59,122 residents anchored by Stellantis's transmission and casting plants, which employ 6,600 workers locally. Renters occupy 37.0% of Kokomo homes, and median gross rent was $939 in ACS 2020-2024. Apartment buildings in Howard County tax district 002 are capped at 2% of gross assessed value under Indiana's circuit breaker, cutting a $74,468 gross bill on a $2,000,000 assessed value to $40,000. This profile gathers those figures with HUD FY2027 rents for owners who want to sell commercial property in Kokomo, IN.
Stellantis manufacturing plants
Stellantis employs 6,600 workers at its Kokomo transmission and casting plants, per Greater Kokomo Economic Development.StarPlus Energy battery plants
A $7.54 billion DOE loan backs StarPlus Energy's Kokomo battery plants, projected at up to 2,800 permanent jobs.Regional hospital employers
Community Howard Regional Health and Ascension St. Vincent Kokomo employ about 2,500 workers combined, per Greater Kokomo Economic Development.Our Buy Box
What We Buy In Kokomo
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Kokomo Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Kokomo
Renters occupy 37.0% of Kokomo homes, or 9,699 of 26,241 occupied households, per ACS 2020-2024 table B25003. Buildings with five or more units hold 15.2% of Kokomo housing, or 4,518 of 29,814 homes, per table B25024. Kokomo stock is old: 66.0% of homes predate 1980, per table B25034. Howard County's renter share is lower, 29.4%, so Kokomo itself carries most of the county's rental demand.
Rents and affordability in Kokomo
Median gross rent in Kokomo is $939 a month, 11.6% below Indiana's $1,062, per ACS 2020-2024 table B25064. Rental vacancy was 10.3% in ACS profile table DP04.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $909 |
| One bedroom | $915 |
| Two bedroom | $1,179 |
| Three bedroom | $1,420 |
| Four bedroom | $1,636 |
These HUD FY2027 fair market rents cover the Kokomo, IN MSA. The two-bedroom FMR sits $240 above the Kokomo median gross rent, a spread worth showing buyers when you sell commercial real estate in Kokomo, IN.
Property taxes in Howard County
Kokomo apartment buildings are taxed at no more than 2% of gross assessed value. The Indiana DLGF certified Howard County tax district 002, Kokomo City - Center Township, at $3.7234 per $100 for 2026. The DLGF circuit breaker fact sheet caps residential property, including buildings with two or more dwelling units, at 2%.
On a $2,000,000 assessed value, the gross rate implies $74,468 before the cap. After the 2% cap, the bill is limited to $40,000, a $34,468 credit. That gap matters to anyone planning to sell commercial property in Kokomo, IN.
Landlord rules in Indiana
Indiana landlords must return a deposit with an itemized notice within 45 days after the lease ends and possession is delivered, under IC 32-31-3-12. A landlord may end a lease for nonpayment on 10 days' notice under IC 32-31-1-6. IC 32-31-1-20 bars a local unit from regulating rental rates on privately owned property, so Kokomo rents are set by the market.
What it means for an owner
Kokomo pairs a 37.0% renter share with a 2% tax cap and older housing stock that buyers price for repairs. If you want to sell commercial property in Kokomo, IN, start with our cap rate calculator.
Skyline Capital Investments buys apartment buildings with five or more units. When you are ready to sell your apartment building in Kokomo, see how our purchase process works, informed by Kokomo's manufacturing and healthcare employment base.
Good To Know
Pricing Your Building In Kokomo
More about selling in Indiana →Investing in Kokomo? See apartment syndications in Kokomo →
- Owners who sell commercial real estate in Kokomo, IN face no local rent regulation under IC 32-31-1-20.
- Kokomo median household income is $55,360, below Indiana's $71,957, so selling commercial property in Kokomo rests on rents.
- Half or more of income goes to rent for 24.4% of Kokomo renters, per ACS 2020-2024.
Seller Guides
Your Situation, Handled — Kokomo
Learn More
Taxes & Rules For Kokomo Property
The Indiana rules that shape any deal in Kokomo: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Kokomo Seller FAQ
What property tax applies if I sell commercial property in Kokomo, IN?
The Indiana DLGF certified Howard County tax district 002, Kokomo City - Center Township, at $3.7234 per $100 of assessed value for 2026. Apartment buildings fall under the 2% residential cap, so a $2,000,000 assessed value owes no more than $40,000 instead of the $74,468 gross figure.
What landlord rules matter when I sell commercial real estate in Kokomo, IN?
Indiana requires a deposit refund with an itemized notice within 45 days after the lease ends and possession is delivered, under IC 32-31-3-12. Landlords may end a lease for nonpayment on 10 days' notice, and IC 32-31-1-20 bars local rent regulation.
How do Kokomo rents compare with HUD fair market rents?
Median gross rent in Kokomo was $939 in ACS 2020-2024. HUD's FY2027 two-bedroom fair market rent for the Kokomo, IN MSA is $1,179, which is $240 higher. The one-bedroom FMR is $915 and the efficiency FMR is $909.
Who rents apartments in Kokomo?
Renters occupy 9,699 of 26,241 occupied homes in Kokomo, a 37.0% share in ACS 2020-2024. Median household income is $55,360. Among Kokomo renters, 47.5% spend 30% or more of income on housing, compared with 44.4% across Indiana.
How does Skyline Capital buy apartment buildings in Kokomo?
Skyline Capital Investments buys buildings with five or more units. Owners who want to sell multifamily property in Kokomo can start with the cap rate calculator, using the 2% tax cap and the 10.3% ACS rental vacancy rate in their numbers.
What if my Kokomo building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Kokomo brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Kokomo, and we keep every conversation confidential.
Is it possible to sell rental property in Kokomo without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Kokomo?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Selling A Building In Kokomo?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
